Civic Intelligence

Lawndale Educational and Regional Network Charter School

990 • Fiscal year 2018 • EIN 36-4439074

Jul 01, 2017 to Jun 30, 2018 • Filed on May 14, 2019

3021 W Carroll AveChicago, IL 60612

(773) 358-3908

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.35x

Higher debt load relative to assets than 57% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

42nd percentile

0.29x

Higher debt load relative to revenue than 42% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

60th percentile

7.7%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

49th percentile

$342,734

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

62nd percentile

5.4%

Faster asset growth than 62% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

71st percentile

13%

Faster revenue growth than 71% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$45,671,125

Up $2,340,006 (+5.4%) from 2017

Net Assets

Up

$29,755,174

Up $4,559,028 (+18%) from 2017

Liabilities

Down

$15,915,951

Down $2,219,022 (-12%) from 2017

Revenue

Up

$55,552,534

Up $6,535,341 (+13%) from 2017

Expenses

Up

$51,278,469

Up $8,409,357 (+20%) from 2017

Net Income

Down

$4,274,065

Down $1,874,016 (-30%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $12,503,789Liabilities 2011: $4,401,632Net Assets 2011: $8,102,1572011Assets 2012: $16,596,685Liabilities 2012: $8,686,349Net Assets 2012: $7,910,3362012Assets 2013: $28,824,903Liabilities 2013: $18,320,519Net Assets 2013: $10,504,3842013Assets 2014: $30,425,512Liabilities 2014: $17,949,995Net Assets 2014: $12,475,5172014Assets 2015: $33,540,920Liabilities 2015: $17,810,345Net Assets 2015: $15,730,5752015Assets 2016: $37,349,634Liabilities 2016: $18,793,121Net Assets 2016: $18,556,5132016Assets 2017: $43,331,119Liabilities 2017: $18,134,973Net Assets 2017: $25,196,1462017Assets 2018: $45,671,125Liabilities 2018: $15,915,951Net Assets 2018: $29,755,1742018Assets 2020: $56,924,926Liabilities 2020: $23,835,561Net Assets 2020: $33,089,3652020Assets 2021: $67,406,179Liabilities 2021: $19,795,718Net Assets 2021: $47,610,4612021Assets 2024: $104,559,199Liabilities 2024: $37,916,596Net Assets 2024: $66,642,6032024

Highlighted filing

2018

Assets$45,671,125
Liabilities$15,915,951
Net Assets$29,755,174

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0Expenses 2011: $13,620,7152011Expenses 2012: $19,013,2402012Expenses 2013: $25,055,4442013Revenue 2014: $37,740,123Expenses 2014: $35,651,123Net Income 2014: $2,089,0002014Revenue 2015: $41,276,847Expenses 2015: $38,102,400Net Income 2015: $3,174,4472015Revenue 2016: $45,628,298Expenses 2016: $42,140,507Net Income 2016: $3,487,7912016Revenue 2017: $49,017,193Expenses 2017: $42,869,112Net Income 2017: $6,148,0812017Revenue 2018: $55,552,534Expenses 2018: $51,278,469Net Income 2018: $4,274,0652018Revenue 2020: $64,950,663Expenses 2020: $58,273,207Net Income 2020: $6,677,4562020Revenue 2021: $92,698,092Expenses 2021: $60,644,996Net Income 2021: $32,053,0962021Revenue 2024: $83,162,872Expenses 2024: $81,108,474Net Income 2024: $2,054,3982024

Highlighted filing

2018

Revenue$55,552,534
Expenses$51,278,469
Net Income$4,274,065
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 14, 2019
Return Version
2017v2.3
Gross Receipts
$55,552,534
Mission and Program Overview

Mission

Provide students with the academic foundation and ambition to earn a college degree.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$17,034,797$18,800,626▲ $1,765,829
Other Notes and Loans Receivable, Net$11,368,000$11,368,000→ $0
Land, Buildings, and Equipment, Net$10,956,613$10,831,549▼ $125,064
Cash and Non-Interest-Bearing Accounts$78,474$2,089,446▲ $2,010,972
Pledges and Grants Receivable$2,571,829$1,205,967▼ $1,365,862
Accounts Receivable$748,673$522,355▼ $226,318
Prepaid Expenses and Deferred Charges$346,977$332,519▼ $14,458
Total Assets$43,331,119$45,671,125▲ $2,340,006
Other Assets Total$225,756$520,663▲ $294,907
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,922,066$9,365,961▼ $1,556,105
Tax Exempt Bond Liabilities$4,259,648$4,036,437▼ $223,211
Accounts Payable and Accrued Expenses$2,402,896$2,243,057▼ $159,839
Other Liabilities$364,271$187,966▼ $176,305
Deferred Revenue$186,092$82,530▼ $103,562
Total Liabilities$18,134,973$15,915,951▼ $2,219,022
Net Assets / Fund Balance
Unrestricted Net Assets$24,752,684$29,239,211▲ $4,486,527
Temporarily Rstr Net Assets$443,462$515,963▲ $72,501
Total Net Assets Fund Balance$25,196,146$29,755,174▲ $4,559,028
Total Liabilities and Net Assets / Fund Balance$43,331,119$45,671,125▲ $2,340,006

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,951,596$2,952,151$9,903,747
Equipment$1,240,408$2,988,720$4,229,128
Leasehold Improvements$1,186,022$619,439$1,805,461
Other Land Buildings$708,020$498,316$1,206,336
Land$745,503-$745,503
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gregory WhitePresident and CEOFT$281,943$60,791$342,734
Donna MooreCFOFT$165,046$25,952$190,998
Robin JohnsonSenior PrincipalFT$151,115$24,538$175,653
Sekou RobertsonPrincipalFT$133,825$30,957$164,782
Kristen DenisonChief Advancement OfficerFT$144,784$14,505$159,289
Jon BennettPrincipalFT$108,232$43,547$151,779
Kelly Baker TysonPrincipalFT$124,382$23,120$147,502
David LewisPrincipalFT$131,242$12,115$143,357

Board Members and Trustees

NameTitle
Vineeta RaketichChair
Katie MaccarthyVice Chair
Brian BalusekBoard Member
Bryan SchneiderBoard Member
Charles CampbellBoard Member
Daniel FahnerBoard Member
Janice LucchesiBoard Member
Loren G BeadleBoard Member
Marco QuintanaBoard Member
Vinni HallBoard Member
Margaret RomanoLife Trustee
Susan SnyderSecretary
Robert TaylorTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lakeside TransportationTransportation Services2794 NORTHWESTERN, Waukegan, IL 60087$850,676
Charter Substitute Teacher NetworkTemporary Employment Services73 W MONROE, Chicago, IL 60603$571,077
Lacosta Facility Support ServicesJanitorial Services440 W BONNER RD, Wauconda, IL 60084$519,020
Parallel Employment GroupTemporary Employment Services6925 S SIXTH ST SUITE 300, Oak Creek, WI 53154$309,226
Tactical Security LLCSecurity3365 NORTH ARLINGTON HEIGHTS RD UN, Arlington Heights, IL 60004$273,585
Revenue and Support

Revenue Composition

Contributions and Grants
$3,931,909
Program Service Revenue
$51,035,403
Investment Income
$585,222
Other Revenue
$0
All Other Contributions
$3,509,698
Change in Net Assets
$4,274,065

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$42,126Average of High/low
Total Noncash Contributions4$42,126-

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,552,534
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,007,228
Total Revenue per Audited Statements
$56,559,762
Total Revenue per Form 990
$55,552,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$32,601,147
Other Expenses$18,677,322
Total Fundraising Expense$225,764
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$24,675,158$1,435,645$122,714$26,233,517
Other Employee Benefits$3,111,571$180,866$1,077$3,293,514
Occupancy$3,233,450$57,536-$3,290,986
Fees for Services Other$1,385,415$1,473,183-$2,858,598
Pension Plan Contributions$1,216,534$16,359$-7,013$1,225,880
Payroll Taxes$920,289$159,235$11,327$1,090,851
Depreciation Depletion$922,552$44,168-$966,720
Travel$929,292--$929,292
Current Officers, Directors, Trustees, and Key Employees$249,000$435,038$73,347$757,385
Interest$662,892$9,123-$672,015
Other Expenses$614,056$5,621$50$614,056
Office Expenses$447,477$126,519$20,313$594,309
Information Technology$329,080$75,267$2,035$406,382
All Other Expenses$381,484$1,901$1,914$385,299
Conferences and Meetings$262,031$7,627-$269,658
Insurance$76,021$147,195-$223,216
Fees for Services Legal$24,616$85,917-$110,533
Fees for Services Accounting$17,352$60,564-$77,916
Total Functional Expenses$41,643,612$9,409,093$225,764$51,278,469

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$52,000,734
Expenses per Audited Statements$51,278,469
Total Expenses per Form 990$51,278,469
Expenses Not Reported on Form 990$722,265
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$187,966

Bond Issues

BondIssuerIssuedIssue PricePurpose
AIllinois Finance Authority2013-01-31$5,446,303Retire bond debt from revenue bond of 2011

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$5,446,303-$1,409,866-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the cfo, the ceo and the board treasurer. The tax return will then be filed. This year, due to the timing of the audit and the board meetings, the return will be distributed to the board as soon as the return is complete.

Form 990, Part VI, Section B, Line 12C

The organization regularly monitors and enforces compliance with this policy by annually requiring each board member to sign a statement affirming that they have read, understand, and agree to comply with the policy.

Form 990, Part VI, Section B, Line 15A

Officers of the organization serve as the compensation committee, which discusses and approves the ceo and president's compensation and contract. Furthermore, the compensation committee uses a compensation study or survey when determining the ceo and president's compensation. The ceo determines the compensation of all other officers and key employees and uses a compensation study or survey as part of this process.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

FORM 990, PART VI, SECTION B, LINE 16:

The organization does not have a written policy regarding its participation in joint venture arrangements, however the organization does take steps to safegaurd its exempt status with respect to such arrangements.

Filing and Contact Details

Filer

Filer Name
Learn Charter School
EIN
36-4439074
Phone
7733583908
Address
3021 W CARROLL AVE, CHICAGO, IL 60612

Signing Officer

Name
Gregory White
Title
CEO & President
Phone
7733583908
Signed
2019-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gregory White
Formed
2000
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
12
Employees
687
Volunteers
60

Preparer

Firm
Plante & Moran Pllc
Address
10 S RIVERSIDE PLAZA 9TH FLOOR, CHICAGO, IL 60606
Preparer
Kimberly a Haumann
Phone
3122071040
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in fair value of derivative 284,963.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in fair value of derivative 284,963.

Raw XML AppendixShowing 400 of 891 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt18PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRINCIPAL
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